US plans to sanction another bank to keep economic pressure on Iran
The US Treasury plans to impose new sanctions on an unnamed bank this week as part of an intensified campaign to economically isolate Iran. This move follows recent actions against other financial institutions accused of facilitating Iranian oil revenue and weapons procurement.
Why it matters
The escalation of financial sanctions reflects the US government's strategy to exert maximum economic pressure on Tehran amid stalled diplomatic truce negotiations.
Washington has recently stepped up efforts to economically pressure Tehran amid the deadlocked truce talks.
x whatsapp-stroke copylink google Add Al Jazeera on Google info US Treasury Secretary Scott Bessent says US sanctions will intensify to choke off Iran’s revenue and isolate the country [Gerald Herbert/AP] By Adam Hancock , Reuters and The Associated Press Published On 31 Aug 2026 31 Aug 2026 Washington plans to impose sanctions on another bank this week as it steps up its campaign to economically isolate Tehran amid the deadlocked truce talks, the US Treasury chief has said.
In an interview with The Associated Press news agency on Sunday, Treasury Secretary Scott Bessent declined to name the bank to be targeted by sanctions.
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